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550 W Lacey Blvd
Hanford, CA 93230

$1,920,000 USD

Fast Food For Sale  •  2,020 SF

Property Details

  • Property Type Fast Food
  • Total Building Size 2,013 SF
  • Lot Size 0.6 AC
  • Building Class C
  • Year Built 1979
  • Cap Rate 5.00 %
  • Tenancy Single
  • Zoning CN CT
35 Transit Score
86 Walk Score

Highlights

CORPORATE GUARANTEE – The property is operated by Starbucks corporate and is backed by a full corporate guarantee, providing strong credit tenancy.
RENTAL INCREASES – The lease features 10% rental increases at each 5-year option period, providing long-term growth and a hedge against inflation.
HIGH-TRAFFIC AREA – The subject property benefits from excellent visibility along W Lacey Blvd and N 11th Ave, major arterial that sees 18,000+ VPD.
FAVORABLE DRIVE-THRU FORMAT – Average Starbucks store sales are approximately 50% higher at locations that include a drive-thru component.
MARKET-DOMINANT COFFEE CHAIN – Starbucks is the world’s largest coffeehouse chain, operating approximately 40,000 locations across 84 countries.
EXCELLENT LOCATION – Located in Hanford, the most populous city in Kings County, the property sits within a dense retail corridor.

Property Flyers

Cap Rate: 5.00 %

Major Tenants

Tenant SF Occupied Lease End Date
Starbucks 2,013 SF 7/31/2031

Amenities

  • Dedicated Turn Lane
  • Pylon Sign
  • Signage
  • Drive Thru

Public Transportation

Commuter RailDriveWalkDistance
Hanford (San Joaquins - Amtrak) 1 min 5 min 0.3 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 20
Type: Surface
Included in Rent: Yes
Adrian Stepien 714-849-5947 Prime Net Lease
Adrian Stepien 714-849-5947 Prime Net Lease